Cooper Investors PTY Ltd. Takes Position in Tamboran Resources Corporation $TBN

Cooper Investors PTY Ltd. acquired a new position in Tamboran Resources Corporation (NYSE:TBN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,322 shares of the company’s stock, valued at approximately $690,000. Cooper Investors PTY Ltd. owned about 0.12% of Tamboran Resources as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TBN. Bank of America Corp DE lifted its holdings in Tamboran Resources by 66.7% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $31,000 after purchasing an additional 600 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Tamboran Resources in the third quarter worth about $27,000. State of Wyoming purchased a new position in shares of Tamboran Resources in the second quarter worth about $99,000. Arbiter Partners Capital Management LLC bought a new stake in shares of Tamboran Resources in the third quarter valued at approximately $1,356,000. Finally, Whitebox Advisors LLC bought a new stake in shares of Tamboran Resources in the second quarter valued at approximately $1,194,000.

Tamboran Resources Stock Up 0.2%

Shares of NYSE TBN opened at $43.47 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.09. The company has a market cap of $984.07 million, a P/E ratio of -22.76 and a beta of 0.13. Tamboran Resources Corporation has a 52 week low of $17.29 and a 52 week high of $44.13. The business has a 50-day simple moving average of $30.05 and a two-hundred day simple moving average of $26.84.

Tamboran Resources (NYSE:TBN) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.33) earnings per share for the quarter, meeting the consensus estimate of ($0.33). Research analysts anticipate that Tamboran Resources Corporation will post -1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TBN shares. Wells Fargo & Company began coverage on shares of Tamboran Resources in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $35.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Tamboran Resources in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Tamboran Resources currently has an average rating of “Moderate Buy” and an average target price of $36.33.

Tamboran Resources Profile

Tamboran Resources is an independent energy company focused on the exploration and development of unconventional natural gas resources. Headquartered in Canada and listed on the New York Stock Exchange under the ticker TBN, the company concentrates its activities on onshore basins in Australia. Tamboran’s primary objective is to advance its exploration acreage toward commercial viability by leveraging modern drilling and reservoir evaluation techniques.

The company holds exploration licenses in the Beetaloo Basin in the Northern Territory of Australia, where it is conducting appraisal drilling programs to define reservoir characteristics and recoverability.